enCore Energy (CVE:EU) Trading 18.8% Higher – What’s Next?

Shares of enCore Energy Corp. (CVE:EU) traded up 18.8% during mid-day trading on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.34. 959,588 shares were traded during mid-day trading, an increase of 184% from the average session volume of 338,445 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The stock has a 50-day moving average of C$4.49 and a 200-day moving average of C$4.92. The firm has a market cap of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total transaction of C$49,392.00. 2.12% of the stock is currently owned by insiders.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.